Cmpp.Jk

CMPP.JK's capital structure is highly leveraged, with total liabilities of IDR 15.79 trillion and total equity of -IDR 10.74 trillion, resulting in a negative debt-to-equity ratio of -0.61. Despite a negative equity position, the company maintains a strong operating cash flow of IDR 867.16 billion, which is significantly higher than the free cash flow of -IDR 48.27 billion, indicating a mismatch between operating performance and capital expenditures. The current ratio of 0.04 suggests a severe liquidity constraint, as current assets are insufficient to cover current liabilities.

Profitability metrics reveal a challenging operating environment for CMPP.JK. The company reported a gross profit of IDR 1.69 trillion but incurred an operating loss of IDR 644.59 billion and a net loss of IDR 1.30 trillion. Return on equity (ROE) is positive at 12.07%, but this is misleading due to the negative equity base. Return on assets (ROA) is -25.65%, indicating that the company is not generating returns sufficient to cover its asset base. These metrics are below the industry median for profitability and returns, reflecting operational inefficiencies and high debt servicing costs.

Geographic and segment exposure data is not available in the provided input, but the company's revenue concentration is implied to be high given the absence of disclosed segments and the single business activity of transportation. This lack of diversification increases vulnerability to regional economic downturns or regulatory changes affecting the airline industry.

Growth trajectory analysis shows a mixed picture. The company's revenue of IDR 7.87 trillion is a key indicator, but the operating and net losses suggest a lack of sustainable growth. The capital expenditure of -IDR 30.20 billion indicates ongoing investment in infrastructure, which is necessary for long-term competitiveness but currently not translating into profitability. The outlook for the current and next fiscal years is not explicitly provided, but the negative net income and high debt levels suggest a cautious outlook.

Risk factors for CMPP.JK include medium liquidity risk, as indicated by the negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no significant changes in shares outstanding between basic and diluted shares. The company's financial health is further compromised by the negative equity position, which increases the risk of insolvency and limits its ability to raise additional capital.

Recent events and filings indicate a challenging financial environment for CMPP.JK. The last actual EPS was -IDR 43.14, and the last actual revenue was IDR 27.298 billion, both reflecting a decline in performance. These figures suggest that the company is struggling to meet analyst expectations and may require further restructuring to stabilize its financial position.